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ADB

Water Security a Top Priority in COVID-19 Recovery, Says ADB Report

4 mins read

The FINANCIAL -- Economies of Asia and the Pacific must put water security at the top of their agenda to recover from the fallout from the coronavirus disease (COVID-19) pandemic and adapt to climate change, according to a new flagship report released today by the Asian Development Bank (ADB).…

ADB allocates $20 mln to help developing members access vaccines for coronavirus

2 mins read

The FINANCIAL — The Asian Development Bank (ADB) has allocated $20.3 million in technical assistance to help its developing members access vaccines for the coronavirus disease (COVID-19) and establish systems to enable equitable and efficient vaccine distribution.  The funds will be available for ADB developing members to support vaccine-related health system assessments and the development of country readiness plans to strengthen the capacity to…

ADB issues first green bonds auctioned and listed on the Kazakhstan Stock Exchange

2 mins read

The FINANCIAL — The Asian Development Bank (ADB) has raised almost 14 billion Kazakhstan tenge (KZT) ($32 million) in the first green bonds auctioned and listed on the Kazakhstan Stock Exchange. Proceeds of the bond issued under ADB’s Green Bond Framework will finance ADB’s portfolio of climate change adaptation and mitigation projects in Kazakhstan. The two-year KZT10.09…

ADB and Luxembourg discuss boosting partnership

2 mins read

The FINANCIAL — Asian Development Bank (ADB) President Masatsugu Asakawa and Luxembourg Minister of Finance and ADB Governor Pierre Gramegna in a call today discussed the ADB–Luxembourg partnership in Asia and the Pacific and responses to the coronavirus disease (COVID-19) pandemic. “ADB highly values its partnership with Luxembourg, which has shown strong support through its…

ADB to develop Asian Transport Outlook to support larger and more sustainable transport sector in Asia

4 mins read

The FINANCIAL — Asian Development Bank (ADB) Vice-President Bambang Susantono today launched the foundation of a new regional knowledge platform to guide sustainable transport development in Asia and the Pacific. The Asian Transport Outlook (ATO) will support the planning and delivery of transport sector assistance by ADB, as well as transport policy and initiatives by…

ADB partners with BMJ on new coronavirus guidelines for health workers

2 mins read

The FINANCIAL — The Asian Development Bank (ADB) has partnered with leading healthcare knowledge provider, the BMJ, to launch a new online coronavirus disease (COVID-19) Information Centre for healthcare professionals tackling the pandemic. The website provides nurses, doctors, and other healthcare professionals in ADB’s 49 member countries in Asia and the Pacific with free, readily…

Rethink education to prepare Developing Asia for the future of jobs and skills — ADB Book

4 mins read

The FINANCIAL — As technological change and automation increasingly disrupt many aspects of daily life, developing economies in Asia and the Pacific must rethink education and training to ensure students have the right skills for the jobs of the future, according to a new book published by the Asian Development Bank (ADB). Anticipating and Preparing…

ADB propses 5 ways to restore tourism in Central Asia

8 mins read

The FINANCIAL — From the snowy peaks of the Pamir mountains to the vast wilderness of the Karakum desert, Central Asia is a region of astonishing natural beauty and historical significance. In recent years, the region has emerged as a rising tourism destination attracting a growing number of visitors – both international and domestic. But…

ADB boosts support for renewable energy in Maldives

2 mins read

The FINANCIAL — The Asian Development Bank (ADB) has approved a $7.74 million concessional loan and a $2.73 million project grant to scale up the ongoing project, Preparing Outer Islands for Sustainable Energy Development (POISED), which is transforming the existing diesel-based grids into renewable-energy-based hybrid systems covering 160 outer islands in Maldives.   The project…

ADB supports Maldives’ development via new 5-year CPS

3 mins read

The FINANCIAL — The Asian Development Bank (ADB) has endorsed a new 5-year country partnership strategy (CPS) for Maldives covering 2020–2024. A roadmap for ADB operations in Maldives, the CPS will support the country to take on a more resilient, sustainable, and inclusive path for development, and emerge stronger from the coronavirus disease (COVID-19) pandemic.…

ADB urges Southeast Asian countries to expand investments in digital infrastructure

4 mins read

The FINANCIAL — Asian Development Bank (ADB) President Masatsugu Asakawa today urged Southeast Asian countries to expand investments in digital infrastructure and ensure equitable access to technology as economies recover from the coronavirus disease (COVID-19) pandemic. “We must close the digital divide and expand existing investments in digital infrastructure by building more and higher quality…

ADB increased operations in PNG by $1 bln

3 mins read

The FINANCIAL — The Asian Development Bank (ADB) has endorsed a new country partnership strategy (CPS) for Papua New Guinea (PNG) covering 2021–2025. A blueprint for ADB’s operations in PNG, the new CPS focuses on developing the transport and energy sectors; reforming state-owned enterprises; promoting private sector development and investment; and assisting the government in…

ADB-Funded Malolos–Clark Railway Project was awarded with contracts worth $1.7 bln

5 mins read

The FINANCIAL — Construction of the Malolos–Clark Railway Project, a flagship Philippine project funded by the Asian Development Bank (ADB), is expected to begin soon, following the signing of three civil works contracts worth more than $1.7 billion. The signing ceremony today was hosted by the Philippines’ Department of Transportation (DOTr), which has so far…

ADB approved $150 mln loan to Georgia for improving water supply and sanitation

4 mins read

The FINANCIAL — The Asian Development Bank (ADB) approved $150 million (in euro equivalent) in loans to improve water supply and sanitation services in Georgia and help the government craft an integrated approach to the sector’s development. Under the Sustainable Water Supply and Sanitation Sector Development Program, ADB will provide a $130 million policy-based loan…

Georgia’s GDP declined by 5.3% in August 2020

3 mins read

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product  (GDP) declined by 5.3 percent in August 2020 YoY. Asian Development Bank’s new report says that Georgia is forecast to return to the economic growth of 4.5 % in 2021 thanks to expected recoveries in tourism,…